Retail News CRM

Tag: enrepreneurs

  • One in Three Entrepreneurs in APAC Rely on M&A

    One in Three Entrepreneurs in APAC Rely on M&A

    In Asia Pacific, one in three entrepreneur leverages on merger or acquisition as means to grow or expand their businesses, according to a recent report by BNP Paribas. A high proportion of entrepreneurs (33%) in the region rely on merger or acquisition to grow their businesses compared to their counterparts in Europe, GCC and USA, according to the 2019 BNP Paribas Global Entrepreneur Report.

    38 percent of Hong Kong business owners have undergone either a merger or acquisition in the past.

    Disruption and Development

    Over 50 percent of Indonesian entrepreneurs focus on contributing to growth of the local economy as their business goals in five years, while the entrepreneurial ambition in Taiwan is gravitated towards contributing to innovation and development in their chosen sectors. For Taiwan entrepreneurs, 38 percent are disruptors – their business goal is to permanently change the status quo with a new product or concept within five years.

    In India, it is for the next generation of their families to have meaningful careers.

    Use Of Credit Solutions

    Globally, 44 percent of elite entrepreneurs have used credit solutions to develop their business.  In Asia, 55 percent of entrepreneurs have sought to borrow to invest in their own businesses. This rises to six in every ten entrepreneurs in China, India and Indonesia.

    61 percent of Chinese entrepreneurs use credit or lending products to finance their business.  54 percent of Indonesian entrepreneurs have used structured products for credit or lending.

    Respondents

    The report is based on the responses of 2,763 Asian elite entrepreneurs handling a total net worth of USD16 billion, spanning 23 countries across Europe, Asia, the United States and the Middle East. It also unveils the different stages of maturity of their entrepreneurial journey, the impact on their private wealth and their need for family governance.

    Sampling of the Asia respondents include 830 elite entrepreneurs covering China, Hong Kong, India, Indonesia, Singapore and Taiwan. The average primary company revenue was $7.2 million.

    Lees ook:

  • Young entrepreneurs impress at FedEx/JA ITC 2017

    Young entrepreneurs impress at FedEx/JA ITC 2017

    FedEx Express announced the winners of the Singapore FedEx Express/JA International Trade Challenge (FedEx/JA ITC) 2017.

    The three pairs of student business teams who advanced to the Asia Pacific FedEx/JA ITC in Singapore occurring from August 20 to 24, 2017 are:

    1. Ryan Ling and Dogiparthy Reshma Ishwarya – Anderson Junior College

    2. Darren Lim and Nabila Syuhada – ITE College Central

    3. Ang Swee Yang and Tjhe Paramita Devi – Nanyang Polytechnic

    The finalist teams presented their ideas to a judging panel composed of FedEx and Junior Achievement representatives, who evaluated them on their innovative ideas for a household product to be sold in India. The winning teams were assessed based on the originality of their concept, thoroughness of research for their business plans, and feasibility of their ideas. Outshining 12 other teams, the winning teams will now have the opportunity to compete in the prestigious regional finals.

    This year’s regional finals will feature an exciting change from the previous competition format. To further promote cross-border collaboration, finalists will not be competing in the same team but will instead go through a random shuffle to form a mixed team of two team members from different countries.